Real Estate Penrith NSW 2750

Real Estate Market: Is Penrith NSW 2750 a Good Suburb to Buy Into?

Housing Market in Penrith

Key Penrith Metrics & Forecast to 2028

Sources: Property Listings, TORREN and Microburbs, 2002 - 2023

Field	Value	VS Sydney	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$595	Top 47%	197% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Penrith

Penrith Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS, BASIX and Microburbs, 2002 - 2031

Penrith

28.8%

Sydney

33.9%

Compare
Suburbs

Field	Value	VS Sydney	Trend
Development applications	155	Top 16%	75% to Jun 2025
Developments	0.8	Bottom 31%	Data for Jul 2023
Housing Stock Quality Indicator	60.4	Top 11%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
New Dwellings	37	Top 15%	73% to Dec 2020
Number of Subdivisions	10 lots	Top 41%	42% to May 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Proportion of subdividable properties	Premium	Premium	Premium
Stock on Market	73	Top 1%	942% to Feb 2025

Housing Stock Quality in Penrith

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings, BASIX and Microburbs, 2006 - 2023

Field	Value	VS Sydney	Trend
Houses	36.1%	Bottom 2%	24% to Jan 2021
Average bedrooms - all homes	2.1	Bottom 20%	4% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023
Median land to asset ratio	Premium	Premium	Premium

Development Restrictions in Penrith

Penrith Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Penrith

53.8%

Sydney

39.0%

Compare
Suburbs

Field	Value	VS Sydney	Trend
Total area	9.7 sq km	Top 47%	Data for Jan 2021
Average floor space ratio (zoning)	2.20	Top 5%	Data for Feb 2023
Environmental conservation area proportion	0.0%	Bottom 31%	Data for Jun 2023
Heritage sites	76	Top 2%	Data for Jun 2023
Residential density	420 sqm per resident	Bottom 22%	Data for Jan 2021

Risk in Penrith

Penrith Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Penrith

53.0

Sydney

55.6

Compare
Suburbs

Field	Value	VS Sydney	Trend
% Owner Occupied	54.2%	Bottom 1%	1% to May 2023
% Rentals	45.8%	Top 1%	1% to May 2023
Housing Affordability Index	38	Top 34%	Data for Jun 2023
Median monthly mortgage	$2,060	Top 43%	21% to May 2023
Rent Affordability Index (Houses)	81	Top 33%	Data for Jun 2023
Rent Affordability Index (Units)	73	Bottom 30%	Data for Jun 2023
Mortgage as a percent of income	29.3%	Top 17%	16% to Jan 2021
Mortgaged Dwellings	24.5%	Bottom 13%	17% to May 2023

Housing Demand in Penrith

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Penrith

92.0%

Sydney

87.0%

Compare
Suburbs

Field	Value	VS Sydney	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	24600	Top 11%	108% to Dec 2041
Historical Population (SA3)	166000	Top 9%	36% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	255000	Top 3%	44% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Penrith

Penrith Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Sydney	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$518	Top 37%	262% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	54.6%	Bottom 15%	36% to Mar 2025

LGA Details (1)

Headline	Place	Datetime
Local government area	Penrith

Median House Rental Prices by Street (80)

Level_0	Street	Date	Median rent (per week)
93787	High St	13 Mar 2025	$520
93786	Higgins St	13 Mar 2025	$570
94050	Parker St	13 Mar 2025	$580
93665	Flint Ave	13 Mar 2025	$625
93650	Fernandez Ln	13 Mar 2025	$800

Percent of Renters by Street (100)

Percent of Renters	Street
46.3%	Allard St
17.2%	Andrews Rd
75.6%	Arakoon Ave
24.1%	Aviators None
63.8%	Aviators Way

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$530,000	Lethbridge St
10 May 2024	$575,000	Lord Sheffield Cct
10 May 2024	$489,000	King St
10 May 2024	$327,500	The Crescent
10 May 2024	$366,500	Woodriff St

Accommodation Options (22)

Headline	Place	Datetime
A Townhouse on Stafford	157 Stafford St
Astina Serviced Apartments	7 / 9 Lethbridge St
Australian Arms Hotel	351 High St
Century 21 Renshaw Realty	354 High St
Chifley Hotel Penrith	Cnr Mulgoa and Jamison Roads,

Realtors (30)

Headline	Place	Datetime
Bespoke Realty Group	354 High St
Bricks & Mortar Real Estate	370 High St
Budsip Pty Ltd	Shop 2/ 314 High St
Century 21	354 High St
Complete Strata Management	11e 354 High St

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
60.0%	Cudgee Rd	quite tightly held	Every 16.7 years (quite tightly held)	2025
69.6%	Richmond Rd	average turnover	Every 14.4 years (average turnover)	2025
151.4%	Lord Sheffield Cct	very high turnover	Every 6.6 years (very high turnover)	2025
86.2%	Jack Williams Dr	average turnover	Every 11.6 years (average turnover)	2025
25.5%	Gascoigne St	very tightly held	Every 39.2 years (very tightly held)	2025

Businesses (96)

Name	Address
Keystone Home Additions	1/29 Coombes Dr, Penrith NSW 2750, Australia
Quality Kit Homes	31 Leland St, Penrith NSW 2750, Australia
Zadro Constructions	Shop 49/83-85 Union Rd, Penrith NSW 2750, Australia
Global Utility Construction	U17/9 Lambridge Pl, Penrith NSW 2750, Australia
Upspec	52 Peachtree Rd, Penrith NSW 2750, Australia

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
48 Coreen Ave	$965,000	3.0	2.0	3.0	11 Mar 2025	On Market
125 Stafford St	$1,180,000	4.0	2.0	1.0	03 Mar 2025	On Market
122 Coreen Ave	Price Withheld	3.0	2.0	1.0	25 Feb 2025	On Market
122 Coreen Ave	$775,000	3.0	2.0	1.0	25 Feb 2025	On Market
12 Bel-air Rd	$915,000	3.0	1.0	1.0	24 Feb 2025	On Market

Planning Applications: Other (58)

Headline	Place	Date
New licence - producer/wholesaler micro-breweries and small distilleries - NSW Independent Liquor and Gaming Authority 1-9389562741	Unit 4 137 Coreen Av, Penrith NSW 2750	27 Feb 2025
New licence - limited - large scale trade fair - NSW Independent Liquor and Gaming Authority APP-0014432291	Triangle Park, 565 High Street, Penrith NSW 2750	13 Feb 2025
Revision in the approved hours of operation and increase in capacity for an existing microbrewery at 137 Coreen Avenue Penrith. Including outdoor dining. - Penrith City Council Mod25/0019	137 Coreen Avenue, Penrith NSW 2750	12 Feb 2025
Revision in the approved hours of operation and increase in capacity for an existing microbrewery at 137 Coreen Avenue Penrith. Including outdoor dining. - Penrith City Council Mod25/0014	137 Coreen Avenue, Penrith NSW 2750	04 Feb 2025
Amendment to current approved capacity, amendments to operating hours. Development located at 4/137 Coreen Avenue Penrith NSW 2750, used as a Microbrewery/Distillery and Barbecue Kitchen, under the provisions of light industries, artesian food and drink. - Penrith City Council Mod24/0255	137 Coreen Avenue, Penrith NSW 2750	22 Dec 2024

Planning Applications: Dwellings (35)

Headline	Place	Date
Staged Concept Master Plan - Ten (10) Stage Mixed Use Residential & Non-Residential Development comprising 1,995 Residential Apartments & Non-Residential Uses, Above Ground & Basement Car Parking, 10 to 20 Storey Building Heights & Related Infrastructure including Access Roads, Public Domain Works & Landscaping. - NSW Sydney and Regional Planning Panels PPSSWC-525	164 Station Street Penrith 2750, NSW	12 Feb 2025
Section 4:55(1A) Modifications to DA22/1086 (as Modified by Mod24/0059) for Ten (10) Storey Mixed Use Commercial & Residential Development including Conversion of Southern Facade Balconies to Winter Gardens & Reconfiguration of Apartment Layouts - Penrith City Council Mod24/0242	172 Lord Sheffield Circuit, Penrith NSW 2750	18 Dec 2024
Modification to Operating Hours of Function Room, North and South Outdoor Terrace Areas and the Dining and Bar Area at Penrith RSL Club - Penrith City Council Mod24/0244	137 - 147 Lethbridge Street, Penrith NSW 2750	18 Dec 2024
Modification under 4:55 (1a) to amend Condition 8 relating to privacy screens for an approved Six Storey Residential Flat Building - Penrith City Council Mod24/0243	115 Derby Street, Penrith NSW 2750	18 Dec 2024
Construction of Ten (10) Storey mixed use commercial & residential development including two storey podium containing 287 residential apartments, ground floor retail & first floor commercial space with associated basement carparking and landscaping. - Penrith City Council Mod24/0240	172 Lord Sheffield Circuit, Penrith NSW 2750	17 Dec 2024

Planning Applications: Industrial (7)

Headline	Place	Date
Alterations & Additions to Existing Warehouse including Construction of New Office, Signage & Associated Site Works - Penrith City Council DA24/0898	1 Coombes Drive, Penrith NSW 2750	16 Nov 2024
Alterations and additions to existing warehouse and office, including the demolition of the existing office for the reconstruction of a new office and associated landscape and site works. - Penrith City Council DA24/0898	1 Coombes Drive, Penrith NSW 2750	16 Nov 2024
Use of Premises as Trailer Manufacturing & Repair Facility including Industrial Retail Outlet - Penrith City Council DA24/0885	3 Peachtree Road, Penrith NSW 2750	12 Nov 2024
In respect of this application, it is not lodged for any development. This is lodged for the Change of Use of the property only. The Change of Use Development Application is within an E4 lot at 3 Peachtree Road, Penrith NSW 2750. The property is an inside lot zoned under General Industrial with a lot area of 3,944 square meters. The lot has a frontage of 43.23m, it is accessible via Peachtree Road at the front, and it is adjacent to E4 lots on all three boundaries. - Penrith City Council DA24/0778	3 Peachtree Road, Penrith NSW 2750	03 Oct 2024
The proposed development is for a sustainable micro distillery, primarily producing vodka and whisky. The purpose of this application is to confirm consented use as a manufacturing premise. Minor services work is proposed internally being Electrical – Power and Lighting and Installation of cold water services. Fire Safety Measures are existing and maintained as per the attached Annual Fire Safety Statement. There is no proposal to alter or amend any Fire Safety Measures - Penrith City Council DA24/0657	19 Peachtree Road, Penrith NSW 2750	28 Aug 2024

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Cooper St	10 May 2024	$850,000
Coreen Ave	10 May 2024	$742,000
Cronin St	10 May 2024	$790,000
De Vilnits Pde	10 May 2024	$799,000
Cox Ave	10 May 2024	$884,000

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 403, 50 Lord Sheffield Circuit	$550	1.0	1.0	1.0	10 Mar 2025
Unit 2, 11 Lemongrove Rd	$340	2.0	1.0	1.0	10 Mar 2025
Unit 12, 15 Vista St	$640	2.0	2.0	1.0	10 Mar 2025
Unit 2, 11 Lemongrove Rd	$340	2.0	1.0	1.0	10 Mar 2025
Unit 403, 50 Lord Sheffield Circuit	$550	1.0	1.0	1.0	10 Mar 2025

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
8a Cudgee Rd	$650	3	2	2	11 Mar 2025
Unit 10, 213 Derby St	$380	2	1	1	10 Mar 2025
Unit 10, 213 Derby St	$380	2	1	1	10 Mar 2025
Unit 21, 181 Derby St	$460	2	1	1	07 Mar 2025
53 Thornton Dr	$720	3	2	2	06 Mar 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 10, 21-23 Haynes St	Price Withheld	2.0	1.0	1.0	07 Mar 2025	On Market
Unit 206, 25-31 Hope St	$517,000	1.0	1.0	1.0	06 Mar 2025	On Market
Unit 206, 25-31 Hope St	$517,000	1.0	1.0	1.0	06 Mar 2025	On Market
Unit 13, 171-173 Derby St	Price Withheld	2.0	1.0	1.0	28 Feb 2025	On Market
Unit 1, 49-51 King St	$540,000	2.0	1.0	2.0	28 Feb 2025	On Market